(FOX BUSINESS) – Six months after Congress approved billions in emergency rental assistance, just a fraction of the aid has reached tenants across the country – even with millions at risk of homelessness as an eviction ban expires Saturday.
The Treasury Department announced last week that state and local officials doled out just $3 billion in aid over the course of the first half of the year, or roughly 6.6% of the $45 billion program intended to keep millions of renters in their homes. In total, it has provided relief to a fraction of the 1.2 million households that have reported being "very likely to face eviction in the next two months," the department said in a news release.
"State and local governments must do more to accelerate aid to struggling renters and expand programs to meet the scale of assistance needed," the Treasury said, adding: "While some state and local programs are increasingly reaching households in need, others lag far behind, and many programs have just launched in recent weeks. Money is available in every state to help renters at risk of eviction – and the urgency has never been greater."
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